Panelists and Moderator

Professor Takeo Hoshi (Panelist)

Stanford University
and ABFER Professor of Finance (by courtesy) at the Graduate School of
Business and Henri
and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for
International Studies (FSI)

Takeo Hoshi is Henri and Tomoye Takahashi
Senior Fellow at the Freeman Spogli Institute for International Studies
(FSI), Professor of Finance (by courtesy) at the Graduate School of
Business, and Director of the Japan Program at the Shorenstein Asia-Pacific
Research Center (APARC), all at Stanford University.

Before he joined Stanford in 2012, he was
Pacific Economic Cooperation Professor in International Economic Relations
at the Graduate School of International Relations and Pacific Studies
(IR/PS) at University of California, San Diego (UCSD), where he conducted
research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco,
Research Associate at the National Bureau of Economic Research (NBER) and at
the Tokyo Center for Economic Research (TCER), and Senior Fellow at the
Asian Bureau of Finance and Economic Research (ABFER). His main research
interest includes corporate finance, banking, monetary policy and the
Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation
Award, 2011 Reischauer International Education Award of Japan Society of San
Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai
Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize. His book
titled Corporate Financing and Governance in Japan: The Road to the Future
(MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business,
University of Chicago) received the Nikkei Award for the Best Economics
Books in 2002. Other publications include "Will the U.S. and Europe Avoid a
Lost Decade? Lessons from Japan's Post Crisis Experience" (Joint with Anil K
Kashyap), IMF Economic Review, 2015, "Japan's Financial Regulatory Responses
to the Global Financial Crisis" (Joint with Kimie Harada, Masami Imai,
Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy,
2015, "Defying Gravity: Can Japanese sovereign debt continue to increase
without a crisis?" (Joint with Takatoshi Ito) Economic Policy, 2014, "Will
the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan" (with Anil
Kashyap), Journal of Financial Economics, 2010, and "Zombie Lending and
Depressed Restructuring in Japan" (Joint with Ricardo Caballero and Anil
Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in
1983, and a Ph.D. in Economics from the Massachusetts Institute of
Technology in 1988.

Professor Andrew Rose (Panelist)

University of California, Berkeley, Haas
School of Business
and ABFER B.T. Rocca Jr. Professor of International Business in the Economic
Analysis and Policy Group, Associate Dean for Academic Affairs and Chair of
the Faculty

Andrew K. Rose is the B.T. Rocca Jr.
Professor of International Business in the Economic Analysis and Policy
Group, Haas School of Business at the University of California, Berkeley; he
serves as Associate Dean for Academic Affairs, and Chair of the Faculty. He
is also a Research Associate of the National Bureau of Economic Research
(based in Cambridge, MA), and a Research Fellow of the Centre for Economic
Policy Research (based in London, England). He received his Ph.D. from the Massachusetts Institute of
Technology, his M.Phil. from Nuffield College, University of Oxford, and his
B.A. from Trinity College, University of Toronto.

Rose has published over one hundred and fifty papers and over ninety
articles in refereed economics journals, including the American Economic
Review, the Quarterly Journal of Economics, the Review of Economic Studies,
and the Journal of Finance. His research addresses issues in international
trade, finance, and macroeconomics, and has received more than 35,000
citations. His teaching is in the areas of international macroeconomics; he
has won two teaching awards.

Rose was the managing editor of The Journal of International Economics from
1995 through 2001, and was the founding director of the Clausen Center for
International Business and Policy at Haas and the Risk Management Institute
at the National University of Singapore. He has organized over forty-five
academic conferences. Rose is interested in the theory and practice of
economic policy, and most of his work is applied and driven by "real world"
international phenomena. A citizen of three countries, he has worked on six
continents and at a number of international economic agencies, including:
the International Monetary Fund, the World Bank, and the Asian Development
Bank. He has also worked at a number of national agencies, including: the US
Department of Treasury, HM Treasury (UK), the Canadian Department of
Finance; and the central banks of: Australia, Canada, England, Europe, Hong
Kong, Israel, Italy, Japan, Netherlands, New Zealand, Singapore, Spain, and
the United States. He has visited a number of other universities, including
Cape Town, EUI, FUB, INSEAD, London School of Economics, Melbourne, NUS,
Princeton, SHUFE, SMU, Stockholm, Tel Aviv, Tsinghua, ULB, and
Victoria.

Professor Sheridan Titman (Panelist)

The University of Texas at Austin and ABFER
Professor, Department of Finance, McCombs School of Business
Professor, Department of Economics, College of Liberal Arts

Sheridan Titman is the director of the Energy Management and
Innovation Center at UT. His research interests include both investments and corporate finance,
and he has published and consulted in both of these areas. He currently blogs on energy policy
from a financial economist's perspective. Having co-authored a leading advanced corporate finance
textbook entitled "Financial Markets and Corporate Strategy," he has served on the editorial
boards of leading academic journals. He is a past director of the
American Finance Association and a current director of both the Asia Pacific Finance Association
and the Western Finance Association.

Professor Titman holds a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie
Mellon University. He has served on the faculties of UCLA, the Hong Kong University of Science
and Technology, and Boston College. He has also worked in Washington D.C. as special assistant to
the Assistant Secretary of the Treasury for Economic Policy. He is a research associate of the
National Bureau of Economic Research.

Professor Renee Adams (Moderator)

University of New South Wales and ABFER
Professor of Finance, Commonwealth Bank Chair in Finance

Renée B. Adams is Professor of Finance at the University of New
South Wales. She is also the Director of UNSW Business School's Women in Leadership Network,
Director of the Finance Research Network (FIRN), an Affiliate of LSE's Financial Markets Group,
Senior Fellow at the Asian Bureau of Finance and Economic Research and Member of the European
Corporate Governance Institute. She holds an M.S. in Mathematics from Stanford University and a
Ph.D. in Economics from the University of Chicago.

Professor Adams' research focuses on the organization of corporate boards. She has written papers
examining the information flow between managers and the board, gender diversity on boards,
governance problems in banks, group decision-making on boards and the governance of central
banks. She has published in top accounting, economics, finance and management journals including
the Journal of Accounting and Economics, the Journal of Finance, the Journal of Financial
Economics, Management Science, the Review of Economic Studies and Strategic Management Journal.
In 2014, she was invited to join the editorial board of Management Science.

Professor Adams' work on gender diversity in particular has received extensive media coverage.
Her work has been featured in the Financial Times and the Economist amongst many others.
Professor Adams' interest in gender diversity is not limited to research. In 2012, Professor
Adams founded The F.E.W. (The Financial Economics Women Network)-a support, development and
lobbying group for female academics in Finance and Economics. She co-founded AFFECT, the American
Finance Association's "Academic Female Finance Committee", in 2015.